ASX Welcomes US technology companies

ASX general manager of listings and issuer services, Max Cunningham, said the ASX had also had an increase in inquiries from companies in Silicon Valley."We've received a lot of interest from people in Silicon Valley, being start-ups and VCs that feel the opportunity for them in the US – if they're sub-$500 million – is limited," he saidMr Cunningham said these start-ups are looking at the ASX as a chance to "retain the business and to fund it".
"If you're in the $500 million zone you get a reasonable profile here and a fast track to index recognition that is a long way off in the US," he said.